Federal antitrust authorities have approved Nokia Siemens Networks’ $650 million bid for Nortel’s wireless assets, according to the Federal Trade Commission. The FTC, which assesses mergers for potential antitrust violations along with the Justice Department, named the deal on a list of approved mergers issued on Tuesday. Nokia Siemens acted as the “stalking horse” […]
Nortel creditor to compete with NSN bid
One of Nortel’s largest creditors is moving to upset Nokia Siemens Networks’ bid for the bankrupt infrastructure giant’s valuable CDMA/Long Term Evolution assets. The creditor, MatlinPatterson, is working to submit a competing proposal that would restructure Nortel around its core wireless asset. In a statement, the company said it wanted to retain the company’s inherent […]
Vantrix talks convergence, competition, content
Wireless Week recently spoke with Patrick Lopez, chief marketing officer for Vantrix, about the state of three-screen convergence and trends the company sees in mobile content and mobile advertising. The company recently won the Frost & Sullivan Premium Mobile Content Optimization Solution of the Year award and was short-listed for the Mobile Entertainment Forum’s TV […]
Obama eases restrictions for Cuban telco market
The Obama administration eased Cuban embargo constraints Monday, opening the island’s marketplace to U.S. telecom companies. The new policy authorizes U.S. telcos to establish satellite and fiber-optic links to Cuba and enter into roaming agreements with Cuban service providers. Satellite radio and television companies also benefit; they are now allowed to provide services in the […]
Comcast to resell Clear in Portland
Comcast plans to launch mobile Internet in Portland, Ore., over Clearwire’s WiMAX network by mid-year, placing it among the first of Clearwire’s joint venture partners to resell the mobile WiMAX service. The company will buy mobile WiMAX at wholesale prices and will resell its own version under its own name. Comcast has $1 billion invested […]